Newsletter

Even a small tax increase makes an impact

It’s just an “Itsy Bitsy” little tax increase; the politicians of today must have lots of money in their pockets or a gene which tells them they have to spend other people’s money; it seems that the only people affected by the current depression are the people on Social Security who did not get any increases for 2 years even though there has been a huge increase in cost of living.

I was born in the bottom of the 1930s and could not find a penny laying around to pick up and carry in my pocket. Things improved in the 1940s when I was able to get summer jobs paying as high as $1.00 an hour and there was no overtime paid for longer or even 6 days a week. Upon getting discharged out of the Navy after, coming back home to Iowa in 1955, got a good job driving a dump truck on a road construction and it was still the $1 thing.

This little depression we are dealing with today is nothing compared to what is coming and don’t think I will be around to see what happens with it, but some of the predictors are not painting a very rosy picture especially saying it will be very violent. I know a few politicians who have been very good at managing cities and Boroughs and kind of keeping things under control. I salute them; thank you.